they write us about it. it's a famous piece. it really is. >> rose: if you were writing today the same kind of piece-- and perhaps you are-- other than the letter to stockholders, what would you be saying about where we are? >> i would do a lot of historical things and all of that but basically i would say that for most -- overwhelmingly for people that can invest over time that equitys are the best place to put their money. >> rose: i should also talk about the letter to the stockholders. you came in to do -- you knew her, you admired her, you thought she was the best business writer she ever met and still do. >> yup. >> rose: tell me about the letter to stockholders and what you want to do with that and who you're addressing in your own mind's eye? >> i'm addressing partners that are 600,000 of them. but in my mind i usually have my sister two sisters bertie and doris. and they're very bright. they don't work in the financial world. they've been gone for a year, metaphorically, and they've got a lot of their money in berkshire